AeroVironment Inc (AVAV)
Return on assets (ROA)
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 59,666 | -106,853 | -121,414 | -145,883 | -176,167 | -8,482 | -7,841 | 1,344 | -4,185 | 48,258 | 50,365 | 83,220 | 150,306 | 107,750 | 142,701 | 113,340 | 87,488 | 122,569 | 84,718 | 85,686 |
| Total assets | US$ in thousands | 1,015,860 | 980,299 | 1,006,700 | 826,060 | 824,577 | 921,202 | 891,682 | 896,654 | 914,200 | 905,263 | 925,307 | 908,553 | 928,566 | 588,007 | 577,819 | 584,954 | 534,582 | 508,844 | 486,567 | 480,361 |
| ROA | 5.87% | -10.90% | -12.06% | -17.66% | -21.36% | -0.92% | -0.88% | 0.15% | -0.46% | 5.33% | 5.44% | 9.16% | 16.19% | 18.32% | 24.70% | 19.38% | 16.37% | 24.09% | 17.41% | 17.84% |
April 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $59,666K ÷ $1,015,860K
= 5.87%
AeroVironment Inc's return on assets (ROA) has shown significant variability over the past few years based on the provided data. The ROA ranged from -21.36% to 24.70% during the period covered.
The company's ROA was negative in some periods, indicating that the company was not efficiently utilizing its assets to generate profits. For example, the ROA was -10.90% in January 2024 and -17.66% in July 2023, signifying operational inefficiencies or potentially high levels of debt.
However, there were also periods of positive ROA, with the highest being 24.70% in April 2020. This suggests that during these periods, the company was effectively utilizing its assets to generate profits.
Overall, AeroVironment Inc's ROA fluctuations indicate varying levels of asset efficiency and profitability over the analyzed periods. It may be worth further investigation into the factors driving these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Apr 30, 2024